6 Things to Know Before Market Opens on November 13, 2024

On Wednesday, November 13, 2024, the benchmark indices Sensex and Nifty 50 are expected to open lower amid weakness in the global market. At 07:57 AM, Gift Nifty was trading down by 0.06% at 23,897.50.

Previous Trading Session 

On November 12, 2024, the Sensex declined 820.97 points, or 1.03%, to close at 78,675.18, while the Nifty 50 fell 257.85 points, or 1.07%, ending at 23,883.45.

FII and DIIs 

On November 12, 2024, DIIs bought securities worth ₹10,330.28 crore, while FIIs sold securities worth ₹15,567.04 crore.

Put Call Ratio (PCR)

Nifty’s PCR has shifted to 0.52  in the previous session. A PCR ratio below 0.7 or heading toward 0.5 denotes a bearish trend, whereas a ratio above 0.7 or approaching 1 typically suggests a positive sentiment.

The increasing PCR, which is higher than 0.7 or surpasses 1, means traders are selling more Put options than Call options, which generally indicates the firming up of a bullish sentiment in the market. If the ratio falls below 0.7 or moves towards 0.5, then it indicates selling Call Options is higher than selling Put options, reflecting a bearish mood in the market.

Oil Prices

On Tuesday, crude oil prices steadied near their lowest levels of the month. Brent crude slipped 0.01% to $71.88 per barrel, while U.S. WTI futures dipped 0.07% to $68.07.

Asian Markets

Asian markets traded lower on Wednesday, following overnight losses on Wall Street. Japan’s Nikkei 225 slipped 0.5%, while the Topix dropped 0.3%. South Korea’s Kospi fell 1.1%, and the Kosdaq Index declined by 1.4%. 

US Markets

On Tuesday, U.S. stock markets closed in the red amid profit-taking, with investors awaiting upcoming U.S. inflation data. The Dow Jones Industrial Average fell 382.15 points, or 0.86%, to 43,910.98. The S&P 500 dropped 17.36 points, or 0.29%, to 5,983.99, while the Nasdaq Composite edged down by 17.36 points, or 0.09%, to close at 19,281.40.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.